Tips for real estate investors in Ecuador
LiveTheLifeinEcuador | November 19, 2015
With its abundance of investment opportunities, Ecuador is one of the top locations when it comes to overseas investing. One of the many reasons why the country attracts many foreign investors is its lenient investment regulations. Whether you’re a foreign or local investor, you can expect equal treatment – foreign investors basically have the same rights as Ecuadorian citizens.
If you’re planning to invest in Ecuadorian real estate, here are a few tips that can help you:
Get professional assistance
While you can land several good foreign real estate deals directly from owners, purchasing through a reputable real estate professional can save you from running into potential roadblocks when buying overseas property.
At LiveTheLife, we’ll make every effort to help complete each deal, keeping you well-informed throughout the entire process.
Translate any documents written in a foreign language
Have any documents relating to a real estate transaction professionally translated before signing them. Signing anything you don’t understand is incredibly risky – you will want to make sure you fully understand what you’re agreeing to.
Guard against potential legal issues
Even though Ecuador does not have that many restrictions when it comes to foreign investments, it’s always a great idea to seek the services of a locally licensed lawyer to assist you with your purchase.
LiveTheLife ensures all transactions are completed by attorneys who will conduct title searches and go through the necessary steps in order to guarantee an accurate title is delivered.
Look for a dependable foreign exchange solution
After you read, understand, and agree to the terms of purchasing an overseas property, the next step is to pay for it. It can get a bit tricky, as local banks usually provide sub-par forex services.
What you need to do is find better foreign exchange solutions that can allow you to make mortgage payments without any hassle, allowing you to save money as well.